understanding the benefits of retail bonds · amarpal takk, head of capital markets, legal, lloyds...
TRANSCRIPT
www.treasurers.org/retailbonds
CONNECTING MINDS
FREE TO ATTEND FOR CORPORATE TREASURY
TEAMS
Officialpublication
ACT BREAKFAST BRIEFING
FOLLOW US @ACTUPDATE#ACTRETAIL
UNDERSTANDING THE BENEFITS OF
RETAIL BONDS
Co-sponsors
“A very useful and informative discussion with participants
who look at retail bonds from different perspectives”
Calum MercerChiefExecutiveMillion Homes
3 April 201410PaternosterSquare
London
OFFICIAL PUBLICATIONEssential reading for European treasurers, The Treasurer provides valuable insight, clear-thinking analysis and focus on the latest developments in financial management.
Written by practitioners for practitioners, The Treasurer delivers comprehensive coverage on all aspects of treasury, risk and corporate finance, including specialist issues from a European perspective.
treasurers.org/thetreasurer
08.00 Registration and breakfast
08.30 Chair’s opening remarks Peter Matza,EngagementDirector, ACT
08.35 A view of the marketplace in 2014 Anoverviewofwhat’sdrivingthedemandforretailbonds:
easeofaccess,liquidityandtransparency
Pietro Poletto,HeadofFixedIncomeMarkets, London Stock Exchange Group
08.50 Understanding the legal requirements Explainingthekeypointswhichcorporatesneedtobe
awareofontheroadtoissuanceMarcus Coverdale, Director,DebtCapitalMarkets,Lloyds Bank Amarpal Takk, HeadofCapitalMarkets,Legal,Lloyds Bank
09.10 The large-cap issuer perspective•whyretailbonds?Advantagesovercorporatebonds
•whenistherighttimetoissueandhowtogoaboutit
•outcomeandimpactonfutureissuance
Tony Durrant,FinanceDirector,Premier Oil
09.30 The small-cap issuer perspective •gettingthefundingbalanceright
•therealbenefitsforasmallercompany
•knowingthemarketandgettinginvestorbuy-in
Graham Clemett, ChiefFinancialOfficer,Workspace
09.50 Panel discussion •currentappetiteforretailbondsandkeybenefitsfortheissuer
•understandingtheprocess–whatarethechallenges?
•firsttimeorrepeatissuer–doesthestrategychange?
Facilitatedby:
Peter Matza, EngagementDirector,ACT
ThepanelGraham Clemett, ChiefFinancialOfficer,Workspace Marcus Coverdale, Director,DebtCapitalMarkets,Lloyds Bank
Tony Durrant,FinanceDirector,Premier Oil
10.30 Chair’s closing remarks Endofbreakfastbriefing
PROGRAMME
BRIEFING ORGANISERThe Association of Corporate Treasurers (ACT) sets the benchmark for international treasury excellence.
As the Chartered body for treasury, we lead the profession through our internationally recognised suite of treasury qualifications, by defining standards and championing continuing professional development.
We are the authentic voice of the treasury profession representing the interests of the real economy and educating, supporting and leading the treasurers of today and tomorrow.
treasurers.org
ACT is a member of
Thursday 3 April
Follow us @actupdate #actretail
JointheACT’sLinkedIngroup
ofover7,800membersat
treasurers.org/linkedin
“VERYUSEFUL,GOODSELECTIONOF
SPEAKERS,VERYOPENPANELDISCUSSION”Mike Nicholson, GroupTreasurer,NATS
BRIEFING SPONSORSLLOYDS BANKLloydsBankingGrouphasover30millioncustomersandistheUK’sleadingproviderofcurrentaccounts,savings,personalloans,creditcardsandmortgages.ItalsohasthebiggestprivateshareholderbaseintheUKandhasplayedaleadingroleinthedevelopmentoftheretailbondmarketintheUK.
LloydsBank’sretailbondteamcomprisesseniorbankersandlawyerssupportingissuersandinvestorsalikeandhasarrangedhighlysuccessfulretailbondsolutionsforawiderangeofissuersacrossdifferentsectors,includingforICAP,LondonStockExchange,ProvidentFinancial,A2Dominion,PremierOil,aswellasforLloydsBankitself.LloydsBankisalsooneofthebiggestprovidersofliquidityinthesecondarymarket.
LONDON STOCK EXCHANGEInFebruary2010,LondonStockExchange’selectronicOrderbookforRetailBonds(ORB)waslaunchedinresponsetogrowingprivateinvestordemandforeasieraccesstotradingbonds.ORBoffersanefficientandwellestablishedmechanismforcorporateissuerswishingtodiversifytheirfundingsourcesandhashelpedcompaniesraiseover£3.9billion.
ORBalsooffersacost-effective,transparentandefficientplatformforconcentratingon-screenliquidityandfacilitatingpricediscoveryinawiderangeofUKfixedincomesecurities.Morethan70giltsandover100corporatebonds(tradableindenominationsof£1,000orless)arenowavailablefortradingontheelectronicorderbook.
UPCOMING ACT EVENTS AND CONFERENCES
Formoreinformationaboutoureventsvisittreasurers.org/events
ACT webinar: EMIR and beyond – where now?12March2014
ACT Asia Conference – where treasury minds meet18March2014,HongKong
ACT webinar: investing in repos25March2014
ACT Annual Conference 201414-16May2014,Glasgow
ACT Europe Conference – where treasury minds meet26June2014,Dusseldorf
Thursday 3 April08.00 – 10.30
UNDERSTANDING THE BENEFITS OF RETAIL BONDSACT BREAKFAST BRIEFING
HOW TO BOOK Bookyourplaceonlineat treasurers.org/retailbonds
Theeventisfreetoattendforallcorporatetreasuryteams.
Pleasenotethatplacesarestrictlylimitedandplaceswillbeallocatedonafirst-to-bookbasis.TheACTreservestherighttorestrictthenumberofindividualsregisteringfromanyoneorganisationtoensureabalancedaudience.
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GETTING THERE 10PaternosterSquare,LondonEC4M7LSlondonstockexchange.com